Forex: USD/CHF tests 0.9310 for support and rebounds
FXstreet.com (Barcelona) - Following a daily high printed at 0.9379 little after the European opening, the USDCHF eased across the chart, first blocked by the 0.9335/40 area and then finding support at 0.9310. The pair regressed to 0.9330 zone and is still edging higher on the day, by +0.10%.
Swiss press has been reporting that Switzerland government wants SNB to raise the EURCHF peg to 1.2500 from current 1.2000. The NY session comes ahead, with Reuters/Michigan Consumer Sentiment preliminary data attracting market attention as consensus points to a rise from 72.9 to 75.0 in January.
"The USDCHF is challenging its key resistance at 0.9383", wrote MIG Bank analyst Bijoy Kar, pointing to an hourly support at 0.9286 (16/01/2013 low).
Swiss press has been reporting that Switzerland government wants SNB to raise the EURCHF peg to 1.2500 from current 1.2000. The NY session comes ahead, with Reuters/Michigan Consumer Sentiment preliminary data attracting market attention as consensus points to a rise from 72.9 to 75.0 in January.
"The USDCHF is challenging its key resistance at 0.9383", wrote MIG Bank analyst Bijoy Kar, pointing to an hourly support at 0.9286 (16/01/2013 low).
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